Sun [New]
Crypto Overview
Purpose and Overview
Sun [New] (SUN) is a governance token operating on the TRON blockchain. It was initially launched in September 2020 and later rebranded as 'New SUN' in 2021. The token is designed to serve as the governance token for the Sun.io platform, a DeFi ecosystem on TRON.
Intended Utility
The primary stated purposes of SUN include: Governance rights for the Sun.io platform, Staking rewards for liquidity providers, Platform fee distribution to token holders.
Business Model Analysis
The token operates within the broader TRON DeFi ecosystem, primarily focused on facilitating decentralized trading and governance. While the basic trading functions are permissible, some aspects of the platform involve lending and interest-bearing activities.
Actual Usage and Adoption
Current usage primarily revolves around: Trading on various exchanges, Participation in governance voting, Staking in liquidity pools. The token has maintained consistent development activity and community engagement within the TRON ecosystem.
Development Activity
The project maintains regular updates and improvements to its platform, with active GitHub repositories and consistent technical developments. The development team regularly publishes updates and maintains transparency in their operations.
Crypto Impact
To assign a comfort level investing in Sun [New] from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Sun [New].
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.